When YOU Should Move.
We’re getting technical with this weeks blog: When to Move.
Well, I said that it would be technical but there is a very quick and short answer to the question I get so often: “When should I put my home on the market?” “Is there a good time to sell?” and so on. The quick answer is there is never a right time, the market is going to react to every single home differently, however there are some tips that I have if you are thinking of selling.
It can be difficult to say, but the best time to move can be influenced by the market but primarily, it is going to depend on you. If you are thinking of moving, you are going to want to move quickly, but you should plan out when it would workout best for you. Holidays, work, vacation, etc. are all examples of times you might want to consider when thinking to move.
Market Trends.
Typically, we see a seasonal fluctuation in transactions and it has been this way in North Carolina for years. More homes are put on the market and more transactions are made from March to October. These are pretty predictable strictly due to the time it takes to buy and sell because typically people do not want to think about moving during the holidays in November, December, and even into January. This is something to consider based off of your schedule, if you are having friends and family over throughout these months for the holidays, you might not want strangers walking in on a showing during Thanksgiving dinner. However, if you are thinking of purchasing a home, you might want to start looking during the winter months because the inventory won’t be moving as fast and you can ease your way into your transaction instead of potentially being rushed. Knowing these trends can steer you in the right direction towards what time might be best for you to start diving into your transactions.
Think about you.
Your schedule and availability are going to be the most important and dependent factor when it comes to moving. You are going to have to be available to view homes and let people view your home primarily and those are very time consuming. If you are very busy, there is always the weekend, but if there are holidays or vacations, then the best idea might be to wait. Whenever you are wanting to purchase a home, if you bought today it would still take 30-60 (or even more) days before the home is even yours. Much less before you get all of your furniture in there and are unpacked ready to live. Unfortunately, 99% of us do not have a right or wrong time, so if that is the case then right now is the time to move. But if you know that right now might not be the best time, it is always smart to connect with an agent so that you can get your feet wet and understand the process.
Getting Started
If you are wanting to buy or sell, the most important thing you can do is connect with an agent. Building that network, you can go ahead and get an idea for how long the process will take. You will also be able to get the important steps like pre-qualification out of the way. You can get added to the MLS, get lists of homes, get home value estimates, and so much more which will make you prepared to buy or sell at any point in time.
There is so much technical analysis that could go into timing the market for the right time to move. However, there is going to be a lot of time wasted. If you are thinking of buying or selling, the most important thing is to focus on yourself. Fixing your move towards your schedule can make the process less stressful, and that makes anything easier.
Written by:
Will Hedrick
Founder & CEO, SPEEK
704-773-9204